| Category | Finance |
|---|---|
| Type | Procedure |
| Approved by | Chief Financial Officer |
| Date Procedure Took Effect | 1 January 1995 |
| Last approved revision | 1 January 1995 |
| Sponsor | Chief Operating Officer |
| Responsible officer | Financial Controller |
Purpose
These procedures set out the various categories of contracts and the level of authorities required to sign contracts.
Content
Contract categories
The Explanatory Notes within the Financial Delegations Procedures describe the various contract categories.
Authorities required
Category 1 contracts
These must be signed by the person with the delegated authority to expend the budget to be charged with the goods and/or services being purchased (refer delegations schedule).
Category 2 contracts
Research and teaching contracts: These should be forwarded to the Research Office for final approval and signing.
Commercial contracts: These should be forwarded to the Enterprise Office for final approval and signing.
Category 3 contracts
These should be forwarded to the Chief Operating Officer for final approval and signing.
Staff should note that contracts from Category 2 or Category 3 that are not approved and signed according to the Policy may not be supported by the University in terms of administration or insurance cover.
Related policies, procedures and forms
Contact for further information
For further information, contact:
Financial Controller
Tel +64 3 470 4638
Email financial.controller@otago.ac.nz
